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HK developers' share prices show little reason to fear crash

Analysts point to several reasons why a crash is unlikely. For one thing, sales volumes are starting to recover as prices drop to levels that entice buyers.

PHOTO: BLOOMBERG

Hong Kong

HONG KONG homeowners could be forgiven for fearing the worst. In a city notorious for its real estate booms and busts - including a 70 per cent tumble triggered by Asia's financial crisis in the late 1990s - property prices are once again sliding from all-time highs.